Decision details

To consider the report of the Cabinet Member for Finance and Corporate Services providing information on any major changes in the General Fund and Housing Revenue Account (HRA) capital programme.

Cabinet is recommended to:

i)  Note the revised General Fund Capital Programme, which totals £207.01M as detailed in paragraph 3.

ii)  Note the HRA Capital Programme is £245.53M as detailed in paragraph 3.

iii)  Approve slippage of £21.97M, £19.75M within the General Fund programme and £2.21M within the HRA programme, as detailed in paragraphs 7 to 9 and Appendix 3.

iv)  Note that the overall forecast position for 2024/25 at quarter 3 is £137.73M, resulting in a potential underspend of £1.28M, as detailed in paragraphs 10 to 12 and Appendix 2.

v)  Note that the capital programme remains fully funded up to 2028/29 based on the latest forecast of available resources although the forecast can be subject to change; most notably regarding the value and timing of anticipated capital receipts and the use of prudent assumptions of future government grants to be received.

To ensure that Cabinet fulfils its responsibilities for the overall financial management of the Council’s resources.

Not applicable.